Record fund raising by companies through IPO in 2021

Tags: Economics/Business

• In 2021 63 companies raised Rs 1.19 lakh crores through Initial Public Offerings (IPO).
• This is 4.5 times more than the fund raised in 2020 by the companies .
• In 2020 15 companies raised Rs 26,613 crore from the market through IPO.
•  The largest IPO ever in India was that of   One 97 Communication ,the parent company of Paytm  of Rs 18,300 crore.

IPO  (Initial Public Offerings ) When an unlisted company sells its equity shares to the public to raise capital.

Here unlisted company means a company whose equity shares are not listed on any stock exchange like NSE,BSE etc in India.